The Building Blocks of the Economy

GUANGZHOU, China, Dec. 2 /CNW/ -- With the rough and tumble of 2009 coming to an end, the strong performance of the latest edition of the Canton Fair, has been seen as a sign of good things to come across media outlets. Trade volume at the 106th fair was, at USD30.47 billion, only 3.4% lower than it was last year, a sign that retailers world-over are expecting a strong winter holiday. Attendance picked up, with 22,734 more foreign buyers than the 105th fair, an increase of 13.7%, a particularly large number of European buyers attended this year, jumping 31.5% to 37,268. We had 116.76 million hits to our website -- up 6.6% -- and USD41.68 million in purchases made over our online system. As the largest export fair in the country with the world's largest export market, the Canton Fair's performance is a clear sign that good things are on the horizon.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091202/CNW002 )

Besides a bounce back in the export markets, trade volumes directed towards China's domestic market all increased. In this session 7,504 domestic procurement representatives attended the fair for our "match-making conferences" where they met exporting companies that hadn't yet found the customers in their own back yard. Also, Hong Kong companies were the largest customers in attendance, with 28,209 buyers at the fair.

We hope to see many of the 3,000 visitors to our VIP club return for the 107th, as well as new visitors, and the fair has continued to increase its health and security services, as well as speeding up the entire process from booth construction, through registration, to dismantling, to servicing their needs.

While buyers were still cautious at the 106th, with the economic recovery picking up, the 107th could be among the best Spring fairs to date. Many investors signed only 6-month contracts this time, meaning that if the economy continues at its current pace they'll have to come back for seconds in April. The 107th edition of the Canton Fair runs in three sessions, first from April 15-19, second from April 23-27, and last from May 1-5. With new opportunities appearing in new places every day, each session will be filled with new business partners and new opportunities, working together to build the new economies.

For more information, please visit: http://www.cantonfair.org.cn

    
    General:
     +86-20-2608-9999
     info@cantonfair.org.cn
    

    
    Media:
     Mr. Xiaoying Wu
     +86-20-8913-8628
     xiaoying.wu@cantonfair.org.cn

    

SOURCE CHINA FOREIGN TRADE CENTRE

For further information: For further information: +86-20-2608-9999, info@cantonfair.org.cn; Media, Xiaoying Wu, +86-20-8913-8628, xiaoying.wu@cantonfair.org.cn Web Site: http://www.cantonfair.org.cn

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CHINA FOREIGN TRADE CENTRE

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